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Fitch

Countries taking new G20 debt relief path face Ethiopia-style downgrades: Fitch
World

Countries taking new G20 debt relief path face Ethiopia-style downgrades: Fitch

  • Fitch chopped Ethiopia's credit score by two notches this week after Addis Ababa signalled it could be the first with an international government bond to use a new G20 'Common Framework' plan.
  • It would be likely that any other countries applying under the G20 Common Framework would be considered along the same lines as Ethiopia.
Updated 11 Feb, 2021 09:28pm
Fitch cuts outlook on Kuwait's debt rating to 'negative'
Markets

Fitch cuts outlook on Kuwait's debt rating to 'negative'

  • An OPEC member state, Kuwait has been hit hard by lower oil prices and the coronavirus pandemic.
  • "Without passage of a law permitting new debt issuance, the GRF could run out of liquidity in the coming months without further measures to replenish it" Fitch said.
Published 03 Feb, 2021 07:20pm